(ET) Sri Lanka has enlisted French major Total and Norway’s Equinor to study the hydrocarbon potential of two blocks, saying it aims to start oil production in the island nation in 2023. Sri Lanka does not produce oil and importing the fuel costs it $4.15 billion in 2018. The country has received three bids for the exploration and development of a block, shunned by Cairn India in late 2015 due to low hydrocarbon prospects, Vajira Dissanayake, the top government official in the petroleum ministry said. He declined to name the companies. Cairn India, a unit of mining conglomerate Vedanta Resources, confirmed the first discovery of the natural…
Author: Aruna Sharma
(AU) जम्मू-कश्मीर पर ऐतिहासिक फैसला लेने के बाद प्रधानमंत्री नरेंद्र मोदी बुधवार को बड़े पैकेज का एलान कर सकते हैं। सूत्रों के मुताबिक बुधवार को कैबिनेट की बैठक में प्रधानमंत्री इस पर कोई बड़ा फैसला ले सकते हैं। प्रदेश में केंद्रीय कानून लागू करने के लिए ढांचागत विकास योजना और लोगों को सीधे वित्तीय लाभ देने के लिए आधार योजना लागू होगी। सूत्रों ने बताया कि केंद्र सरकार जम्मू-कश्मीर में विशेष पैकेज पर काम कर रही है, जिसमें करोड़ों के निवेश की योजना भी शामिल है। पिछले हफ्ते विधि मंत्री रविशंकर प्रसाद ने प्रमुख मंत्रालयों के वरिष्ठ अधिकारियों से बात की…
(ET) GAIL (India) Ltd, the state-owned natural gas transportation and distribution utility, is planning to spend Rs 751 crore to add a new 60 Kilo Tonne Per Annum (KTPA) polypropylene unit at its Pata petrochemical complex in Uttar Pradesh. Polypropylene is a thermoplastic used in the making of consumer products, plastic parts for automobile industry and textiles, apart from other applications. The complex produces low and high density polyethylene from ethylene produced from the cracking of ethane and propane. In the process, the cracker also produces around 50 KTPA of polymer grade propylene which the company expects to use as a feed-stock for the proposed…
(PTI) Steel Authority of India Ltd has extended the deadline to submit bids for stake sale in its three assets to September 10, 2019. The last date for submission of EoIs for its three plants was August 1, which was later extended to August 20, 2019. The date for submission of expression of interests (EoIs) physically for the three SAIL assets has been extended to September 10, 2019, the company said on its website. No reasons were given for the extension of the deadline. In July, the Department of Investment and Public Asset Management (DIPAM) had invited bids for 100 per cent stake sale…
ONGC CMD Mr Shashi Shanker has secured the Distinguished Fellowship of the Institute of Directors (IOD), 2019. The prestigious honor was conferred to Mr Shanker during the 29th Institute of Directors (IOD) Annual Day Ceremony on 26 August. The Fellowship has been given in appreciation of his distinguished contribution to business and society. The honor was bestowed to Mr. Shashi Shanker by the Minister of Housing & Urban Affairs, Civil Aviation and Trade & Commerce Mr Hardeep Singh Puri. Also present in the felicitation program was Niti Ayog CEO Mr Amitabh Kant, Lead Market Director, Association of Chartered Certified Accountants…
(PTI) India on Monday offered for bidding seven new areas for prospecting of oil and natural gas on revamped exploration terms that look to expedite cut in import dependence by raising domestic output. Five blocks offered are in little-explored Vindhyan sedimentary basin, while one block is in Bengal Purnea basin. The remaining block is the proven basin of Rajasthan, according to a press statement by the Directorate General of Hydrocarbons (DGH). In all, 18,509.69 square kilometre of area for exploration of oil and gas has been offered in the fourth bid round of Open Acreage Licensing Policy (OALP). The government has under the…
(FE) The Supreme Court will Tuesday hear a fresh plea filed by senior Congress leader and former finance minister P Chidambaram challenging the August 22 order of the trial court remanding him to CBI’s custody till August 26 in the INX Media corruption case. The plea is listed for hearing before a bench of Justices R Banumathi and A S Bopanna. It will also hear his separate petition challenging the Delhi High Court’s August 20 order denying him anticipatory bail in the INX Media money laundering case lodged by the Enforcement Directorate (ED). Senior advocate Kapil Sibal, appearing for Chidambaram, mentioned the matter before the bench on…
(PTI) The finance ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns. Earlier, GST taxpayers were to file required returns by August 31. “It is hereby informed that the last date for furnishing of annual return in the Form GSTR-9 / Form GSTR-9A and reconciliation statement in the Form GSTR-9C for the financial year 2017-18 is extended from August 31, 2019 to November 30, 2019,” the Central Board of Indirect Taxes & Customs (CBIC) said in a statement. GSTR 9…
(Hindustan) केंद्र सरकार वर्ष 2030 तक 300 जिलों में शहरी गैस नेटवर्क के विस्तार में 1.2 लाख करोड़ रुपये का निवेश करेगी। पेट्रोलियम एवं प्राकृतिक गैस मंत्री धर्मेन्द्र प्रधान ने सोमवार को यह जानकारी दी। उन्होंने कहा कि शहरों में सीएनजी पंप और रसोई गैस पाइपलाइन नेटवर्क के विस्तार किया जाएगा। एक साल के दौरान 136 क्षेत्रों में सीएनजी पंप और पाइप नेटवर्क के जरिए घरों तक रसोई गैस पहुंचाने के लिये लाइसेंस वितरित किए जा चुके हैं। पांच साल में इनके क्रियान्वयन से शहरी गैस नेटवर्क 70 प्रतिशत आबादी तक पहुंच जाएगा। पेट्रोलियम मंत्री यहां शहरी गैस वितरण नेटवर्क के…
(FE) Steep hikes in minimum support prices (MSP) and lower realisation from sales of grains by the Food Corporation of India (FCI) have pushed the Centre’s food subsidy bill over the last few years, inflating its unpaid bills to FCI to a staggering Rs 2 lakh crore by the end of FY19. As this is a ticking bomb, BofA Merrill Lynch Global Research said in a recent note that the actual food subsidy bill must now grow slower than the nominal GDP for the Centre to generate some room for this huge back-pay to be released. “In theory, the government…